PG&E Surpasses California’s 2020 Renewable Energy Goal; Electricity Delivered to Customers is More than 88% Greenhouse Gas-Free and Among the Cleanest in the Nation

Rhea-AI Summary

Pacific Gas and Electric Company (PCG) has surpassed California's Renewable Portfolio Standard goal of 33% renewable energy, achieving over 35% in 2020. Over 88% of the electricity supplied came from greenhouse gas-free resources. Major highlights include a 45% contribution from large-scale solar energy and investments in over 1,400 MWs of battery energy storage to enhance grid reliability. PG&E is on track to meet future state renewable energy goals, including a 60% target by 2030, as mandated by recent legislation.

Positive

• Exceeding California's RPS goal with over 35% renewable energy in 2020.
• 88% of power supplied comes from greenhouse gas-free resources.
• 45% of renewable energy mix from large-scale solar.
• Contracts for over 1,400 MWs of battery energy storage to ensure grid reliability.
• Well-positioned to meet future renewable energy legislative mandates.

Negative

• None.

Pacific Gas and Electric Company (PG&E) exceeded California’s Renewables Portfolio Standard (RPS) goal requiring energy providers to deliver 33% renewable energy by the end of 2020. PG&E estimates that it delivered over 35% from specified eligible-renewable resources to its customers last year, according to its recent Form 10-K. Overall, more than 88% of the electricity PG&E delivered to its customers last year came from greenhouse gas (GHG)-free resources, including eligible-renewable, nuclear and large hydroelectric energy.

“As we pass this major mile-marker of 33% RPS on the road to our clean energy future, it’s a great example of how we’re delivering on our Triple Bottom Line of serving people, the planet and California’s prosperity. More renewable energy on the electric grid helps us ensure cleaner air and better health for our customers while also helping California secure a robust, clean-energy economy for all. We are proud to have one of the cleanest energy portfolios in the nation,” said PG&E Corporation Chief Executive Officer Patti Poppe.

PG&E’s diverse renewable energy portfolio includes these RPS-eligible resources: solar, wind, bioenergy, geothermal and small, eligible-renewable hydroelectric (30 megawatts or smaller) power.

Solar Power Growth

At 45%, large-scale solar energy accounts for the largest portion of PG&E’s total renewable energy power mix. The company has 239 RPS-eligible power purchase contracts, representing over 6,700 megawatts (MWs) of renewable energy; of that, over 4,100 MWs is solar energy. PG&E also owns 445 MWs of RPS-eligible generation, including 13 solar power plants, which are mainly located in the Central Valley and generate up to 152 MWs of clean power.

Additionally, PG&E has connected more than 535,000 customers with private rooftop solar to the electricity grid, and supports customers with resources before, during and after they go solar. The rooftop solar in PG&E’s service area represents about 20% of all rooftop solar in the country.

PG&E’s Solar Choice program offers customers an easy way to go solar—without installing rooftop solar panels. Through the program, customers can purchase up to 100% of their electricity from a community solar program generating power in California.

Progress on Battery Energy Storage

PG&E is investing in battery energy storage to enhance overall grid reliability, integrate renewables, and help customers save energy and money.

The company currently has contracts for battery energy storage projects totaling more than 1,400 MWs of capacity to be deployed throughout its service area and the state through 2023. PG&E is well-positioned with the battery energy storage projects under contract to meet the state’s ambitious clean energy and storage goals, while ensuring grid reliability.

In addition to large, grid-scale battery energy storage, PG&E connects hundreds to thousands of new, behind-the-meter (BTM) battery energy storage systems to the grid every month. To date, more than 19,000 PG&E customers have installed and connected BTM battery energy storage systems to the grid throughout PG&E’s service area—most of which are residential customers—totaling more than 230 MWs of capacity.

A portion of these systems are funded through the Self-Generation Incentive Program (SGIP), in which PG&E provides financial incentives for business and residential customers installing new, qualifying equipment for generating and storing energy. This is one way that customers can be prepared for extreme weather events and possible Public Safety Power Shutoff events due to the rapidly changing environmental conditions in California.

California’s Renewables Portfolio Standard

Established in 2002, California's RPS is one of the most progressive clean energy mandates in the country. Since then, the state has accelerated and increased the amount of renewable energy that retail electricity sellers must provide to customers. In 2015, Senate Bill 350 increased the 33% by 2020 goal to 50% by 2030. In 2018, Senate Bill 100 increased the goal again to 60% by 2030, and established state policy that all electricity retail sales must come from RPS-eligible or carbon-free resources by 2045.

Based on current forecasts, PG&E is on track to meet the state’s RPS and carbon-free requirements under Senate Bill 350 and Senate Bill 100. The eligible-renewable percentage of more than 35% reported in the Form 10-K uses the methodology approved by the California Energy Commission. It does not reflect RPS compliance, which is determined using a different methodology. PG&E’s 2020 RPS compliance report will be submitted to the California Public Utilities Commission in August 2021.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.

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FAQ

What percentage of renewable energy did Pacific Gas and Electric deliver in 2020?

Pacific Gas and Electric delivered over 35% renewable energy in 2020.

How much greenhouse gas-free energy did PG&E supply last year?

PG&E supplied over 88% of its electricity from greenhouse gas-free resources.

What is the main source of renewable energy for PG&E?

Large-scale solar accounts for 45% of PG&E's total renewable energy power mix.

What are PG&E's future energy targets according to California legislation?

PG&E is on track to meet a 60% renewable energy target by 2030.

How many megawatts of battery energy storage is PG&E investing in?

PG&E has contracts for over 1,400 MWs of battery energy storage projects.